Tio Construct: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Tio Construct
Largest movements
- Receivables within one year +€126,243
up €126,243 (+1432.8%), from €8,811 to €135,054
of which Trade receivables: +€124,741
- Cash +€14,589
up €14,589 (+50.4%), from €28,921 to €43,510
mainly Trade debts (+€107,471) and Net result for the year (+€45,227)
- Tangible fixed assets +€10,727
up €10,727 (+93.5%), from €11,478 to €22,204
- Trade debts +€107,471
up €107,471 (+1057.3%), from €10,165 to €117,636
- Profit (loss) carried forward +€45,227
up €45,227 (+420.0%), from €10,769 to €55,996
- Other debts -€9,109
down €9,109 (-53.0%), from €17,172 to €8,064
- Debts after one year +€7,460
new in 2024: €7,460
- Current portion of long-term debt +€2,206
up €2,206 (+42.6%), from €5,180 to €7,386
- Gross operating margin +€33,829
up €33,829 (+137.7%), from €24,567 to €58,396
- Depreciation +€6,801
up €6,801 (+167.0%), from €4,072 to €10,873
- Taxes -€4,021
no longer reported in 2024 (was €4,021)
- Other operating charges +€905
up €905 (+86.7%), from €1,044 to €1,949
- Financial charges -€652
down €652 (-90.3%), from €723 to €70
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,170 | €201,883 | +€151,714 | +302.4% |
| Fixed assets | 21/28 | €11,532 | €22,413 | +€10,881 | +94.4% |
| Tangible fixed assets | 22/27 | €11,478 | €22,204 | +€10,727 | +93.5% |
| Furniture and vehicles | 24 | €11,478 | €22,204 | +€10,727 | +93.5% |
| Financial fixed assets | 28 | €54 | €209 | +€154 | +284.7% |
| Current assets | 29/58 | €38,638 | €179,470 | +€140,833 | +364.5% |
| Amounts receivable within one year | 40/41 | €8,811 | €135,054 | +€126,243 | +1432.8% |
| Trade receivables | 40 | €6,164 | €130,905 | +€124,741 | +2023.6% |
| Other amounts receivable | 41 | €2,647 | €4,149 | +€1,502 | +56.8% |
| Cash at bank and in hand | 54/58 | €28,921 | €43,510 | +€14,589 | +50.4% |
| Deferred charges and accrued income | 490/1 | €906 | €906 | = | 0.0% |
| Total equity and liabilities | 10/49 | €50,170 | €201,883 | +€151,714 | +302.4% |
| Equity | 10/15 | €11,769 | €56,996 | +€45,227 | +384.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €10,769 | €55,996 | +€45,227 | +420.0% |
| Amounts payable | 17/49 | €38,400 | €144,887 | +€106,487 | +277.3% |
| Amounts payable after more than one year | 17 | - | €7,460 | +€7,460 | |
| Financial debts | 170/4 | - | €7,460 | +€7,460 | |
| Amounts payable within one year | 42/48 | €38,400 | €137,427 | +€99,027 | +257.9% |
| Current portion of amounts payable after more than one year | 42 | €5,180 | €7,386 | +€2,206 | +42.6% |
| Trade debts | 44 | €10,165 | €117,636 | +€107,471 | +1057.3% |
| Suppliers | 440/4 | €10,165 | €117,636 | +€107,471 | +1057.3% |
| Taxes, remuneration and social security | 45 | €5,882 | €4,341 | -€1,541 | -26.2% |
| Taxes | 450/3 | €5,882 | €4,021 | -€1,861 | -31.6% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €17,172 | €8,064 | -€9,109 | -53.0% |
| Remuneration, social security and pensions | 62 | - | €276 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,072 | €10,873 | +€6,801 | +167.0% |
| Other operating charges | 640/8 | €1,044 | €1,949 | +€905 | +86.7% |
| Gross operating margin | 9900 | €24,567 | €58,396 | +€33,829 | +137.7% |
| Operating profit (loss) | 9901 | €19,451 | €45,297 | +€25,846 | +132.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €723 | €70 | -€652 | -90.3% |
| Recurring financial charges | 65 | €723 | €70 | -€652 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €18,732 | €45,227 | +€26,495 | +141.4% |
| Income taxes | 67/77 | €4,021 | - | -€4,021 | |
| Profit (loss) for the period | 9904 | €14,710 | €45,227 | +€30,516 | +207.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,710 | €45,227 | +€30,516 | +207.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.